August Case-Shiller: Prices up, market hot!

Seattle home prices shot up 13.2% over the past year, according to the Standard & Poors / Case-Shiller Home Price Indices report released today.

Nationwide prices are up 12.8%.

The average sales price of a house in Seattle’s King County was $508,462 in August, up from $455,429 a year ago, according to statistics provided by the Northwest Multiple Listing Service. The average condo price of $303,359 is also up from the previous August’s $257,785.